Word: surpluses
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...Faculty of Arts and Sciences showed a slight budgetary surplus last year after running deficits for seven years...
...surplus, which represents less than one per cent of the Faculty's $85 to $90 million yearly budget, is a result of "careful management and cooperation of the people involved," Dean Rosovsky said last night...
...extent to which we are able to redistribute wealth. The biggest difference between today and the '60s is that then we had more and more money to spend because real income was still rising. Today there isn't any money coming from some kind of economic surplus or bonus. When you want to do something new, you have to take from something-whether it is more taxes from people or money from other programs. But we should have fewer poor people in this country. There is no question about that...
Nationally, the U.S. now has a 24% surplus of generating capacity, and that should suffice through the early 1980s if present rates of growth in demand and capacity stay the same. At present, many utilities expect that use of electricity will increase by between 4% and 6% annually. But before the surge in energy costs and the 1973-75 recession, the growth rate was 7.2% a year; so far this year demand for electricity is up, to 7% annually in the first quarter. An FPC advisory commission warned that if the growth in demand returned to 7.2%, "the industry reserve...
...take over" the U.S., tend to make "passive" investments-in Treasury bills, bank deposits and corporate securities. The Saudis, who invested $14 billion in U.S. securities in 1976, are especially cautious. Explains Abdel Aziz Qoreishi, governor of the Saudi Arabian equivalent of a central bank: "We consider our surplus only temporary. We expect to bring the money home as our development plans get into high gear...